1. 1 Company Presentation November 2009 POLZUG Intermodal Group Your partner for developing markets in Central and Eastern Europe

2. 2 Company Presentation November 2009 Company Policy of POLZUG Intermodal Group POLZUG Intermodal GmbH is the mother company of POLZUG Intermodal Polska Sp. z o. o. And POLZUG Intermodal Georgia LLC, together forming the POLZUG Intermodal Group. The basic principle of POLZUG Intermodal services is the „Common User“ principle. Our scheduled services are open to all customers equally, without any discrimination. POLZUG Intermodal offers flexible, professional und environmentally sustainable services with high expertise in target markets through our own skilled local staff. POLZUG Intermodal sets high quality standards, which are monitored by an internal quality, safety and security management system: POLZUG Intermodal is ISO 9001:2000 and ISO 14001:2002 certified and SQAS audited (according to the safety and quality management assessment system of the European chemical industry).

3. 3 Company Presentation November 2009 Polzug Intermodal transport services sufficient frequency of departures and acceptable transit times, door delivery from terminal by truck as well as rail siding delivery, precarriage network systems throughout Europe, provision of container equipment (for continental transports to the CIS), reexpedition and transhipment services at CIS border stations, low quota of cargo damages and pilferage, regular tracking and tracing reporting during transport, also in the CIS, competitive tariffs, high flexibility and high competency of service staff with immediate response, environmentally sustainable transport solutions.

4. 4 Company Presentation November 2009 A blocktrain with electric traction from Hamburg to Slawkow with 35 x 40‘ Containers emits only 30% of the CO 2 compared to 35 trucks on the same route and 50% of a diesel traction train. Environmentally friendly Moreover, while it is uneconomical to let trucks wait for match-back cargo and thus usually send containers back empty after unloading, containers sent by rail in intermodal transportation can be returned empty to a terminal near the factory. In case of availability of export cargo, the container is then trucked short distance to the place of loading and then railed to the port, thus reducing the number of energy consuming empty runs.

5. 5 Company Presentation November 2009 We move cargoes for shipping lines and forwaders from i.a.

6. 6 Company Presentation November 2009 POLZUG INTERMODAL GROUP Activities in CIS Polzug Intermodal Representative Office in Ukraine Mr. Valentin Opanasjuk 37, ul. Dowbusha, Kiev Polzug_kiev@ukrpost.ua Polzug Intermodal Representative Office in Azerbaijan Mr. Alexander Pobedin 13, Z. Tagiyev str. (LUKoil building), Room 302, Baku Polzug.baku@intrans.az Polzug Intermodal Georgia. Mr. Korneli Korchilava (Director) 47, Agmashenebli str, Poti info@polzug.ge

7. 7 Company Presentation November 2009 GERMANY KAZAKHSTAN RUSSIA POLAND UKRAINE BELARUS POTI Feeder ship to the Black Sea Rail ferry or feeder ship to Aktau BAKU Rotterdam AKTAU USBEKISTAN AFGHANISTAN Train Poti - Baku Train Aktau - Hairaton Land-Sea transport routes to Central Asia

8. 8 Company Presentation November 2009 75% Polzug Intermodal GmbH, 25% Georgian Capital (Mr. Korneli Korchilava, Managing Director) Full service provider for the Caucasus (Georgia, Azerbaijan, Armenia) Forwarding Services in the Caucasus and Central Asia Road and rail transportation (door delivery and rail siding) Customs clearance, customs services Stripping and stuffing of containers/railway wagons Tally and survey services Storage and warehouse activities Transport of dangerous goods Project cargo (heavy lift and oversize cargo) Container depot activities

9. 9 Company Presentation November 2009 Container block train in the Caucasus Twice weekly direct service between Poti and Baku v.v., single wagon traffic to Yerewan. On-carriage to Central Asia across the Caspian Sea Reefer transports Door delivery from terminal Baku and Yerewan by truck. Tracking and tracing reporting during transport. Depot services in Poti and Baku. Competitive tariffs. High flexibility and high competency of local service staff. Environmentally sustainable transports.

10. 10 Company Presentation November 2009 Container Block Trains in the Caucasus

11. 11 Company Presentation November 2009 Poti Tbilisi Baku Yerewan New container block train in the Caucasus linking Poti and Baku, with on- carriage to Central Asia. at a later stage direct service from Poti to other destinations. Aktau Turkmenbashi

12. 12 Company Presentation November 2009 Good Perspectives for Rail Transport Port container terminals in Europe have modernised and upgraded their rail handling facilities in order to prepare for expected handling growth and relieve quayside congestion. More and more investors are detecting CIS (especially Russia and Ukraine) as interesting region for investment into labour-cost effective production facilities. The introduction of road toll systems in EU countries as well the enforcement of driver protection rules such as restriction of driving hours may further enhance the attractiveness of containerised rail transport chains.

13. 13 Company Presentation November 2009 Perspectives of Eastern European Container Markets In the medium-term, the EE logistics and transport market is expected to show further double-digit growth. Especially container transportation will profit from imrpoved standards of living in the EE countries. Containerisation of commodities is still low as compared to EU-15 standards but expected to catch up fast. Investments in EE countries during past years have considerably strengthened fast growing light/consumer industries which are integrated in global supply chains, e.g. automotive, furniture, consumer electronics Closer economic ties between the EU and South East, Eastern Europe and Central Asia will strengthen the role of Central European countries also as transit countries for Southeast Europe and the CIS.

14. 14 Company Presentation November 2009 Lessons learned Rail transport from the North Sea hubs are fast and reliable for larger volumes and thus are complementary to feeder transportation. Cooperation between feeder, rail and road (hot shots) to ensure continuous production flow. Rail transport has a clear environmental advantage against road transport. Rail transport is most competitive for development of direct links between seaport and factory‘s rail siding. Rail terminals near a production factory can be used as interim storage (bonded area) of containers to allow just- in-time delivery and Customs clearance outside seaport and factory. Intermodal rail transport operators provide depot holding of empty containers at their terminals and EDI reporting of container moves, both features most valuable for shipping lines.

15. 15 Company Presentation November 2009 BEYOND BORDERS intermodal and ecological POLZUG Intermodal GmbH Container Terminal Burchardkai 1 21129 Hamburg Germany Tel: +49 (0)40 74 11 45 10 Fax: +49 (0)40 74 11 45 66 E-Mail: hamburg@polzug.de www.polzug.de